Economic Growth and GDP Analysis

Economic Growth and GDP Analysis

Assessment

Interactive Video

Mathematics, Business

10th - 12th Grade

Hard

Created by

Sophia Harris

FREE Resource

The video tutorial explains how to calculate economic growth using data from 2016-2017. It introduces the formula for economic growth, which involves subtracting the previous year's PDB from the current year's PDB, dividing by the previous year's PDB, and multiplying by 100 to get a percentage. The tutorial clarifies the terms used in the formula and applies it to specific PDB values for 2016 and 2017, resulting in a calculated economic growth of 3.35%. The video concludes with the correct answer to the problem presented.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the economic data discussed in the video?

Trade balance for 2016-2017

Inflation rates for 2016-2017

Economic growth data for 2016-2017

Unemployment rates for 2016-2017

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which formula is used to calculate economic growth?

GDP T minus GDP T-1 divided by GDP T times 100%

GDP T plus GDP T-1 divided by GDP T-1 times 100%

GDP T minus GDP T-1 divided by GDP T-1 times 100%

GDP T plus GDP T-1 divided by GDP T times 100%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does PDB T represent in the formula?

GDP of the base year

GDP of the next year

GDP of the current year

GDP of the previous year

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the GDP value for the year 2017 used in the calculation?

Rp. 925 trillion

Rp. 895 trillion

Rp. 850 trillion

Rp. 900 trillion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the calculated economic growth rate for 2016-2017?

3.0%

4.0%

3.35%

2.5%